What are the top PropTech startups by revenue today?

The ranking of top startups in the Prop Tech market by revenue

Below is a table ranking all the companies in this market by their current revenue scale. You can find our methodology at the end of this page.

If you want a deeper understanding of the market and its current dynamics, get our report covering the Prop Tech Market.

Which PropTech startups make the most revenue today?

Entrata currently has the strongest claim to being the largest private PropTech scaleup by clearly documented revenue, with $509.3 million in 2025 revenue.

Behind Entrata, the ranking gets less straightforward. Square Yards reported $223 million of FY26 revenue. Mews generated more than $200 million in 2024. EliseAI has now reached $200 million ARR, although part of that comes from healthcare rather than housing. NoBroker recently crossed ₹1,000 crore of FY26 revenue. Property Finder disclosed $117 million from its UAE core real-estate business in 2024 and $73 million in the first half of 2025 alone.

Idealista is larger than several of these companies, with roughly €346 million of 2025 revenue, but we would no longer call a company founded in 2000 and owned by a major private-equity firm a normal startup. The same problem gets much bigger if we include CoStar, Zillow, Yardi or mature property-software vendors.

So our current startup/scaleup ranking starts with Entrata and then moves into a tight $200M-plus group where business models and metrics matter almost as much as the headline number.

Current position	Company	Strongest revenue evidence	What the figure means
1	Entrata	$509.3M	2025 recognized revenue
Boundary case	Idealista	~€346M	2025 revenue; mature private company
2	Square Yards	$223M	FY26 recognized revenue
3	Mews	>$200M	2024 recognized revenue
4	EliseAI	$200M	Current ARR across housing and healthcare
Next tier	Juniper Square	~$140M estimated	Useful estimate, weaker evidence
Next tier	Property Finder	$117M	2024 UAE core real-estate revenue only
Next tier	NoBroker	>₹1,000 Cr	FY26 company revenue; final audit pending
Next tier	Guesty	~$100M	Older ARR estimate
Next tier	Pacaso	$90.1M	2025 recognized revenue, including property sales

Is Entrata really the biggest PropTech startup right now?

Entrata is currently the cleanest number-one choice if we include mature private scaleups in the PropTech startup universe.

The company's recent SEC prospectus gives us unusually good evidence for a private PropTech business. Entrata generated $509.3 million of revenue in 2025, up 24% from $412 million in 2024. Revenue then reached $294.6 million in the first six months of 2026, up 23% from the same period a year earlier.

Most of that business is software-like. Subscription-related revenue accounted for $437.7 million in 2025, while embedded technology solutions generated another $71.6 million. That makes Entrata easier to compare with other property-software companies than businesses whose revenue includes the sale of homes or other physical assets.

There is one obvious caveat: Entrata was founded in 2003. Readers who use “startup” to mean a relatively young venture-backed company may reasonably exclude it. Financially, though, Entrata is the strongest private PropTech company we found that still sits close enough to the scaleup world to belong in this comparison.

Does Idealista still count as a PropTech startup?

Idealista is too mature for us to treat it as a normal startup, even though its revenue would put it near the top of a private PropTech ranking.

The European property portal generated about €346 million of revenue in 2025. That is considerably more than Square Yards, Mews or EliseAI's current ARR figure.

But Idealista was founded in 2000 and has gone through several large institutional ownership changes. Cinven acquired a majority stake after years of private-equity ownership. At this stage, Idealista looks much more like an established private digital marketplace than a startup.

We still keep it in the analysis because removing companies like Idealista entirely creates another problem: readers may assume that younger startups are already the largest private PropTech companies in the world. They are not. Idealista shows how much bigger a mature digital property platform can become.

How much revenue does Square Yards make now?

Square Yards has reached $223 million of FY26 revenue, putting it firmly inside the top group of current PropTech scaleups.

According to the company's FY26 financial disclosure, revenue reached ₹2,086 crore, up 48% year over year. Square Yards says revenue has now grown 8.5 times from ₹245 crore in FY21, equivalent to roughly 53% annualized growth over five years.

The more interesting change lately is profitability. Adjusted EBITDA increased from ₹48 crore in FY25 to ₹176 crore in FY26, while the EBITDA margin moved from 3% to 8%. Revenue had already grown 41% in FY25, so the latest year combined faster top-line growth with much stronger operating leverage.

Square Yards is harder to compare with Entrata because it combines real-estate transactions, mortgages and other services rather than selling mostly software. Still, $223 million is actual company revenue and comes from a very recent disclosure. We give that considerably more weight than a similar-sized ARR estimate.

Is Mews already one of the biggest PropTech software companies?

Mews is now one of the clearest $200M-plus private PropTech software businesses.

The hospitality technology company reported more than $200 million in 2024 revenue after growing more than 50% during the year. Mews also processed more than $10 billion in payment volume.

Those numbers fit together. Mews has moved beyond selling a hotel-management system and increasingly monetizes payments and other software around the property operating stack. The company was serving about 6,300 hotels when it announced the revenue figure, up from roughly 5,000 a year earlier.

The $200 million figure is also stronger evidence than many numbers we see elsewhere in private PropTech. Mews disclosed revenue directly. We do not have to infer it from customers, payment volume, valuation or funding.

Has EliseAI caught Mews in revenue?

EliseAI has caught Mews in headline annualized scale, with $200 million ARR, but Mews still has the cleaner recognized-revenue figure.

EliseAI announced in June 2026 that ARR had passed $200 million after doubling year over year for the fifth consecutive year. The company had crossed $100 million ARR less than a year earlier.

That growth rate makes EliseAI one of the most important companies in this ranking even though ARR and annual revenue are different metrics. ARR tells us what the current recurring revenue base looks like on an annualized basis. Mews' greater-than-$200 million figure tells us what the company actually recognized during 2024.

For now, we place Mews slightly ahead on evidence quality while treating EliseAI as the faster-moving company.

How much of EliseAI's $200 million ARR actually comes from PropTech?

EliseAI's full $200 million ARR cannot be counted as pure PropTech revenue because the company now sells into both housing and healthcare.

Housing remains a huge part of EliseAI. The company says its technology is used across roughly one in six U.S. apartments. Healthcare has also become meaningful, with EliseAI saying its products now reach around two million patients.

What we do not have is a public revenue split between those two businesses. Applying the whole $200 million to PropTech would therefore overstate the housing operation.

This lowers our confidence in EliseAI's exact PropTech ranking without changing the bigger point: EliseAI has built one of the largest AI-native businesses connected to real estate, and it has done it unusually fast.

Is Juniper Square already making more than $100 million a year?

Juniper Square probably belongs in the $100M-plus commercial tier, but we cannot defend its exact revenue as confidently as the companies above it.

Current third-party research puts 2025 revenue around $140 million. We treat that as a useful scale estimate rather than a hard company disclosure.

The first-hand evidence still tells us Juniper Square is large. The company raised $130 million in 2025 at a $1.1 billion valuation and later said it was working with more than 2,000 private-market general partners.

Those operating metrics make a nine-figure revenue business plausible. They do not prove the $140 million estimate. That is why Juniper Square stays in the next tier rather than sitting directly beside companies with filed or company-disclosed financials.

Is Property Finder bigger than NoBroker?

Property Finder and NoBroker now appear to sit in a similar broad revenue class, but their disclosures cover different things, so a precise winner would be artificial.

Property Finder disclosed $117 million of UAE core real-estate revenue in 2024, up from $30 million in 2021. The same UAE business generated another $73 million in the first half of 2025. Property Finder explicitly says those figures exclude Mortgage Finder, which means total group revenue is higher.

NoBroker recently said FY26 revenue crossed ₹1,000 crore. The company had generated ₹965 crore in FY25 and ₹888 crore the year before. The latest FY26 figure was disclosed by CEO Amit Kumar Agarwal while the final audited number was still being completed.

Property Finder gives us a cleaner dollar figure but only for part of the business. NoBroker gives us a newer company-wide figure that is still preliminary. Both belong in roughly the same nine-figure-dollar commercial class today.

How fast is Property Finder growing now?

Property Finder has been growing very quickly while producing unusually strong margins in its UAE business.

The company's own financing announcement says UAE core real-estate revenue climbed from $30 million in 2021 to $117 million in 2024. That is almost four times larger in three years. Property Finder also says total group revenue grew at more than 40% annually between 2020 and 2024.

Growth was still strong after that. UAE core revenue reached $73 million in the first half of 2025, while the UAE EBITDA margin exceeded 60%.

The $117 million 2024 number is already stale as a description of Property Finder's current size. We do not invent a newer annual figure, but the first-half disclosure makes it pretty clear that the business has moved materially beyond its 2024 level.

How much revenue does NoBroker make today?

NoBroker has now crossed ₹1,000 crore of annual revenue, making it one of India's largest PropTech startups by revenue.

The latest disclosure came directly from cofounder and CEO Amit Kumar Agarwal, who said FY26 revenue had moved above ₹1,000 crore. That followed ₹965 crore in FY25 and ₹888 crore a year earlier.

NoBroker has also become a much broader business than the original brokerage-free rental marketplace. It now makes money from property buying and selling, home services, packers and movers, financial services, interiors and its NoBrokerHood residential-society platform.

That mix helps explain the scale. NoBroker is increasingly a collection of businesses around the housing transaction rather than one simple listings product.

Is Guesty still a top PropTech startup by revenue?

Guesty probably remains a major PropTech scaleup, but the strongest public revenue figure we found is now too old for a precise current rank.

Around its 2024 financing, reporting put Guesty at roughly $100 million ARR. The company also said its revenue had increased fivefold over the previous three years.

That was a strong scale marker at the time. The problem is freshness. Guesty has continued expanding since then, yet we found no newer company-wide revenue or ARR disclosure strong enough to replace the older figure.

We therefore keep Guesty in the $100M-class discussion without pretending that $100 million still describes its business exactly today.

How much revenue does Pacaso actually make?

Pacaso generated $90.1 million of revenue in 2025, giving us one of the cleaner financial disclosures among private PropTech companies.

Pacaso's SEC-filed financial statements show that revenue fell from $126.6 million in 2024 to $90.1 million in 2025.

The composition is more revealing than the headline. About $30.2 million came from real-estate sales, $52.9 million from real-estate services and roughly $7 million from gains on property investments.

So Pacaso's $90 million has a different economic meaning from $90 million of SaaS revenue. We still count the accounting revenue, but we would never treat the figure as directly interchangeable with software ARR.

Where does VTS rank among the biggest PropTech startups?

VTS is clearly huge by customer footprint, but public revenue data is still too weak for a precise rank.

VTS said after 2025 that its platform covered more than 13 billion square feet globally and was used by more than 1.2 million users, including over 45,000 real-estate professionals across 42 countries. The company also says more than 60% of U.S. Class A office space touches its platform.

Those numbers put VTS among the largest enterprise PropTech platforms we researched. They still do not tell us annual revenue.

We found third-party revenue estimates, but none are strong enough to place VTS confidently above or below companies with audited or directly disclosed revenue. Leaving VTS unranked is more accurate than inventing precision.

Which PropTech marketplaces are making the most money?

Idealista is the largest private marketplace in our dataset with strong recent revenue evidence, while Property Finder and NoBroker are the more relevant startup-era names.

Idealista reached roughly €346 million of 2025 revenue. Property Finder disclosed $117 million from its UAE core real-estate operation in 2024 and $73 million in the first half of 2025. NoBroker has crossed ₹1,000 crore for FY26.

The three businesses make money differently. Idealista has expanded beyond listings into mortgages, software and adjacent products. Property Finder remains heavily centered on real-estate advertising and related services. NoBroker now combines transactions with financial services and home services.

Marketplace revenue therefore tells us more about the ecosystem each company has built than about who has the biggest listing website.

Which AI-first PropTech startup makes the most revenue?

EliseAI is currently the clearest AI-first PropTech revenue leader we found, with $200 million ARR across housing and healthcare.

The speed is the striking part. EliseAI says ARR doubled year over year for five consecutive years. Crossing $200 million after passing $100 million less than a year earlier puts the company far beyond the experimental stage associated with most real-estate AI startups.

The healthcare expansion prevents us from describing the entire $200 million as PropTech ARR. Even with that limitation, no other AI-first real-estate startup in our research showed comparable disclosed commercial scale.

EliseAI has become one of the companies changing what “large” means for vertical AI in property.

Does Opendoor's $4.37 billion revenue make it bigger than every PropTech startup?

Opendoor's $4.37 billion of 2025 revenue is far larger than the startup figures in this article, but using it as the PropTech startup leader would give readers the wrong picture.

Opendoor is publicly traded, and its business model involves buying and reselling homes. A home sold for hundreds of thousands of dollars contributes that selling price to revenue even though acquiring and preparing the property also costs a large amount.

That creates enormous top-line revenue compared with software companies. The same dynamic explains why comparing an iBuyer with Entrata or EliseAI using only revenue can be misleading.

Opendoor remains a useful benchmark for the scale of technology-enabled real-estate businesses. We exclude it from the startup ranking because of its public-company status and because its revenue model is radically different from most of the companies being compared here.

Why aren't CoStar, Zillow and Yardi at the top of this list?

CoStar, Zillow and Yardi are much larger than most PropTech startups, but they belong to an established-company ranking rather than a startup ranking.

CoStar generated $3.25 billion of revenue in 2025. Zillow reported $2.6 billion. Yardi is a large private property-software incumbent whose reported revenue scale also sits far above most younger startups.

The difference in maturity is enormous. CoStar dates back to the 1980s, Yardi to 1984 and Zillow to 2004. CoStar and Zillow are public companies. These companies help us understand the ceiling of today's PropTech market, but mixing them directly with younger venture-backed companies makes the word “startup” useless.

The gap is worth noticing. A PropTech startup crossing $100 million is genuinely large within the venture ecosystem, yet several established real-estate technology companies are already measured in billions.

Can we really compare ARR, software revenue and property sales?

ARR, recognized software revenue and property-sale revenue tell us different things, so we keep the original metric visible throughout the ranking.

Mews generated more than $200 million of recognized revenue in 2024. EliseAI currently reports $200 million ARR. Pacaso recorded $90.1 million of accounting revenue in 2025, but part of that came from selling real estate.

Putting all three into one column without explaining the metric would create false precision. ARR is useful for recurring software businesses because it reflects the current annualized subscription base. Recognized revenue tells us what actually passed through the income statement during a period. Revenue from property sales includes the value of an expensive physical asset being resold.

We compare these figures because they all tell us something about commercial scale, while keeping enough context to avoid treating them as economically interchangeable.

How much can we trust private PropTech revenue estimates?

Private PropTech revenue estimates are useful for finding the right order of magnitude, but we trust them far less than filings or direct company disclosures.

Juniper Square is a good example. A third-party estimate puts revenue around $140 million, while first-hand company information confirms more than 2,000 GP customers, a $130 million funding round and a $1.1 billion valuation. Those facts make a nine-figure business plausible, but they do not independently prove the $140 million estimate.

VTS creates the same problem from another direction. Its 13-billion-square-foot footprint is enormous, yet operational scale cannot be turned into revenue without assumptions.

Our confidence therefore changes from company to company. Entrata's SEC figure is high confidence. Square Yards' direct financial disclosure is strong. EliseAI's ARR is strong but partly outside PropTech. A database estimate for a private company gets much less weight.

Which big PropTech startups are missing because they don't disclose revenue?

VTS, DoorLoop, Qualia, Inhabit and several other substantial private PropTech companies may be bigger than their position in a revenue ranking suggests because they do not publish clean current revenue.

VTS covers more than 13 billion square feet. Qualia describes an ecosystem used by more than one million real-estate professionals. Inhabit says its commercial-property products serve more than 500 million square feet. DoorLoop talks about tens of thousands of customers.

Those are meaningful commercial footprints. None can responsibly be multiplied by an assumed price to create synthetic revenue.

This is one of the unavoidable blind spots in private-company research. Companies that disclose revenue are easier to rank than equally large companies that keep financials private. We prefer leaving the second group unranked to filling the gap with guesses.

What revenue level makes a PropTech startup genuinely large today?

Around $100 million of annual revenue or ARR is already a high bar in private PropTech, while $200 million still separates a very small group from the rest of the market.

Entrata is comfortably above $500 million. Square Yards has reached $223 million. Mews is above $200 million. EliseAI now sits at $200 million ARR.

Below that group, the evidence becomes much more fragmented. Property Finder has $117 million from one geographic core business. NoBroker is around the same broad dollar-equivalent scale. Guesty's last strong public ARR figure was around $100 million. Juniper Square's nine-figure figure is estimated rather than disclosed.

PropTech has produced plenty of unicorn valuations, but far fewer private companies have publicly demonstrated $200 million of recurring or annual revenue. That is a pretty high bar.

So which PropTech startups are actually the biggest by revenue today?

Entrata currently leads our PropTech startup and scaleup ranking on the strongest available revenue evidence, followed by Square Yards and Mews, while EliseAI has reached the same broad $200M tier on an ARR basis.

Idealista would sit near the top financially but has matured beyond what we consider a normal startup. Property Finder and NoBroker form the next well-supported group around nine-figure-dollar commercial scale. Juniper Square probably belongs in that neighborhood too, although the revenue evidence is weaker. Guesty remains important but needs a fresher figure. Pacaso has clean filed revenue, with a business model that makes its top line less comparable with software companies.

VTS is the biggest obvious omission from a precise ranking. Its operating footprint is enormous, yet we could not find revenue evidence strong enough to assign a number confidently.

The broader conclusion is fairly sharp: private PropTech still has very few businesses above $200 million of defensible annual revenue or ARR. Entrata stands clearly above that threshold; Square Yards, Mews and EliseAI have joined the $200M club; after them, the public evidence gets much thinner.

Rank / group	Company	Best current evidence	Confidence in placement
1	Entrata	$509.3M 2025 revenue	High
Boundary case	Idealista	~€346M 2025 revenue	High on revenue, low on “startup” classification
2	Square Yards	$223M FY26 revenue	High
3	Mews	>$200M 2024 revenue	High
4	EliseAI	$200M ARR	High on company ARR; medium on PropTech-only amount
Next group	Property Finder	$117M 2024 UAE core revenue	High on figure, partial company perimeter
Next group	NoBroker	>₹1,000 Cr FY26 revenue	Medium-high pending final audited total
Next group	Juniper Square	~$140M estimated revenue	Medium-low
Next group	Guesty	~$100M older ARR estimate	Low for current ranking
Next group	Pacaso	$90.1M 2025 revenue	High on figure, lower comparability
Unranked	VTS	Revenue undisclosed	Strong operating scale, insufficient revenue evidence